$15,850,000

Bridge Loan

Miami, Florida

W Financial has provided a $15,850,000 first mortgage bridge loan for the acquisition of a non-flagged, 74-key hotel in Miami, Florida.

The property also contains 38 residential units operating as long-term rentals. The borrower needed the bridge loan to acquire the property and to close expeditiously. The borrower’s exit plan is to refinance the W Financial loan with conventional financing.